VANCOUVER, BC / ACCESSWIRE / December 2, 2020 / Blue Moon Zinc Corp. (TSXV: MOON) (OTC PINK: BMOOF) (the “Society“) announces that it has regained 100% ownership of the Blue Moon zinc-silver project in the western United States. Former joint venture partner, Platina Resource Ltd. (” Platina “), successfully drilled the holes BMZ 79 and BMZ 80 in late 2019, which significantly improved the project and widened the high grade mineralization.
Further details on the drilling results can be found in the Company’s press releases dated January 24, 2020 and February 3, 2020. Despite the very positive results, Platina was unable to meet the initial acquisition requirement of the joint venture agreement to drill 10,000 meters on schedule. Consequently, the Company retains a 100% interest in the Blue Moon project.
“We would like to thank Platina for funding and executing a successful drilling program and advancing the Blue Moon Project. The results of the BMZ 79 and BMZ 80 reinforce our confidence in the Blue Moon project and our renewed commitment to drill and develop the asset ourselves in 2021. The value of the project has also been boosted by the recent price increases for zinc, copper, gold and silver.. ” declared Patrick McGrath, CEO of Blue Moon Zinc.
Over the next two months, Blue Moon will complete planning for an aggressive drilling program to follow up on the positive results achieved in the Platina-funded drilling.
About Blue Moon
Blue Moon (TSX.V: MOON; OTC PINK: BMOOF) is currently advancing its 100% California-owned polymetallic Blue Moon deposit, which contains zinc, gold, silver and copper. The deposit is open at depth and longitudinally. The Blue Moon 43-101 mineral resource comprises 7.8 million tonnes inferred at 8.07% zinc equivalent (4.95% zinc, 0.04 oz / t gold, 0.46% copper, 1 , 33 oz / t silver), containing 771 million pounds of zinc, 300,000 ounces of gold, 71 million pounds of copper and 10 million ounces of silver. The 43-101 Mineral Resource Report dated November 14, 2018 was prepared by Gary Giroux, P.Eng., And Lawrence O’Connor, a Qualified Person, and entitled “Resource Estimate for the Blue Moon Massive Sulfide Occurrence”. The 43-101 and related press release containing details of the resource are available on the company’s website and was filed at www.sedar.com on November 20, 2018. The company also owns 100% of the Yava polymetallic project in Nunavut which is in the same volcanic lithologies and south of Glencore’s Hackett River deposit. More information is available on the company’s website (www.bluemoonmining.com).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
John McClintock, P. Eng., Director of the Company, is a Qualified Person within the meaning of NI 43-101, has reviewed the scientific and technical information that forms the basis of this press release.
For more information please contact:
Patrick McGrath, CEO
+ 1-647-725-3888 ext 702
The resource estimates included in this press release are forward-looking statements. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions set out in the relevant technical report and otherwise, such statements are not guarantees of future performance and actual results or developments may differ materially from those of forward-looking statements. staring statements. Factors that could cause actual results to differ materially from those of forward-looking statements include market prices for raw materials, results of future exploration, uncertainties relating to the ability to obtain permits, licenses and titles. necessary, changes in government policies regarding mining, as a result of the availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that these statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking information, which is given as of the date on which it is expressed in this press release, and the Company makes no commitment to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
The securities mentioned in this press release have not and will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption of the securities. registration requirements.
THE SOURCE: Blue Moon Resources
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